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Travel + Leisure Co. (NYSE:TNL – Rating Get ) – Equities researchers at Jefferies Financial Group dropped their Q1 2023 EPS estimates for Travel + Leisure in a note issued to investors on Wednesday, February 22nd. Jefferies Financial Group analyst Dee Katz now expects that the company will post earnings of $0.70 for the quarter, down from their previous forecast of $0.90. Jefferies Financial Group has a “Hold” rating and a $49.00 price objective on the stock. Travel + Entertainment’s current full-year earnings per share is the consensus estimate of 5.42. Jefferies Financial Group also provided estimates for Travel + Leisure Q2 2023 earnings at $1.43 EPS, FY2023 earnings at $5.15 EPS and FY2024 earnings at $5.03 EPS.
Several other research firms also recently weighed in on TNL. Trust Financial decreased their price target on shares of Travel + Leisure from $72.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, November 15th. Credit Suisse Group upped their target price on shares of Travel + Leisure from $31.00 to $36.00 and gave the stock an “underperform” rating in a research note on Thursday. Barclays decreased their price target on shares of Travel + Leisure to $43.00 in a research note on Tuesday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Travel + Leisure from $62.00 to $69.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Travel + Leisure has a consensus rating of “Hold” and a consensus price target of $53.00, according to MarketBeat.com.
Travel + leisure shopping down 0.7%
NYSE:TNL opened at $41.82 on Monday. The company’s 50-day moving average is $40.03 and its 200-day moving average is $39.67. The company has a market cap of $3.24 billion, a P/E ratio of 9.84 and a beta of 1.68. Travel + Leisure has a twelve month low of $33.57 and a twelve month high of $59.99.
Travel + Leisure (NYSE:TNL – Get Rating ) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.08. The business had revenue of $899.00 million for the quarter, compared to the consensus estimate of $913.96 million. Travel + Leisure had a net margin of 10.01% and a negative return on equity of 43.99%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted 1.19 earnings per share.
Insider buying and selling
In other Travel + Leisure news, Director Jorge Herrera sold 882 shares of Travel + Leisure stock in a transaction dated Tuesday, December 13th. The shares traded at an average price of $38.58, with a total transaction of $34,027.56. Following the completion of the sale, the director now directly owns 40,320 shares in the company, valued at $1,555,545.60. The sale was disclosed in a document filed with the SEC via this hyperlink. 2.07% of the stock is held by company insiders.
Institutional investors weigh in on travel + leisure time.
A number of institutional investors have recently made changes to their positions in the stock. EWG Elevate Inc. purchased a new position in shares of Travel + Leisure during the fourth quarter valued at approximately $25,000. Penserra Capital Management LLC bought a new position in shares of Travel + Leisure during the first quarter worth about $31,000. Lazard Asset Management LLC bought a new position in shares of Travel + Leisure during the first quarter worth approximately $34,000. Quadrant Capital Group LLC boosted its holdings in shares of Travel + Leisure by 47.1% in the second quarter. Quadrant Capital Group LLC now owns 893 shares of the company’s stock valued at $35,000 after purchasing an additional 286 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in shares of Travel + Leisure during the fourth quarter valued at approximately $35,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.
Travel + Entertainment Company Profile
(get rank)
Travel + Leisure Co is a membership and leisure travel company with a portfolio of approximately 20 resort, travel club and lifestyle travel brands. It provides vacation experiences and travel inspiration to owners, members and subscribers through its products and services: Wyndham Destinations, a vacation ownership company with 230 Vacation Club resorts worldwide, Panorama, a membership travel business that includes a vacation exchange company, industry travel technology, and subscription travel. Brands, and Travel + Leisure Group, features online and print travel content, online booking platforms and travel clubs, and branded consumer products.
Further reading
This quick news alert was created using Narrative Science technology and MarketBeat financial data to provide readers with fast and accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.
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